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Intel Will Shed 24,000 Employees This Year, Retreat In Germany, Poland, Costa Rica, and Ohio
Intel announced it will cut approximately 24,000 jobs in 2025 and cancel or scale back projects in Germany, Poland, Costa Rica, and Ohio as part of CEO Lip-Bu Tan's sweeping restructuring efforts. By the end of the year, the struggling chipmaker plans to have "just around 75,000 'core employees' in ...
Intel announced it will cut approximately 24,000 jobs in 2025 and cancel or scale back projects in Germany, Poland, Costa Rica, and Ohio as part of CEO Lip-Bu Tan's sweeping restructuring efforts. "It's not clear if the layoffs will slow now that we're over halfway through the year, but Intel states today that it has already 'completed the majority of the planned headcount actions it announced last quarter to reduce its core workforce by approximately 15 percent.'" Now, in Germany and Poland, where Intel was planning to spend tens of billions of dollars respectively on "mega-fabs" that would employ 3,000 workers, and on an assembly and test facility that would employ 2,000 workers, the company will "no longer move forward with planned projects" and is apparently axing them entirely.
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